SHFE Lead Ends Down RMB 120/mt at RMB 12,415/mt (Jan. 30, 2015)

SHANGHAI, Jan. 30 (SMM) – Lead for March delivery on the Shanghai Futures Exchange, the most active contract, started lower at RMB 12,470/mt and then slid to RMB 12,445/mt in Thursday’s night session. The price of the SHFE 1503 lead contract rebounded to RMB 12,480-12,500/mt and finished at RMB 12,485/mt.

SHFE lead initially hovered around RMB 12,500/mt and closed down RMB 120/mt at RMB 12,415/mt. Trading volumes for the most active contract totaled 5,236 lots, while positions shed 1,198 to 11,662.